Home Capital Results

Best World’s 3Q earnings more than double to $8.9 mil

Benjamin Cher
Benjamin Cher11/4/2016 06:28 PM GMT+08  • 1 min read
Best World’s 3Q earnings more than double to $8.9 mil
SINGAPORE (Nov 4): Direct-selling company Best World reported 3Q earnings more than doubled to $8.9 million from a year ago from higher sales from direct selling.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Nov 4): Direct-selling company Best World reported 3Q earnings more than doubled to $8.9 million from a year ago from higher sales from direct selling.

Revenue nearly doubled to $52.2 million from a year ago as revenue from its direct selling segment grew 54.2% growth to $32.4 million and revenue from its export segment more than quadrupled to $18.6 million.

However, gross profit margin in 3Q declined to 71.6% from 77.1% due to a higher proportion of revenue generated from the export segment, driving distribution costs down despite increasing revenue.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now